twoheads
Member of DD Central
Programming
Posts: 1,089 
Likes: 1,192
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Post by twoheads on May 4, 2017 18:28:35 GMT
+∞ due to starting from zero less than 12 months ago.
First platform I tried. Limit reached for platform and has remained there so far. Will almost certainly reduce over the summer but cannot say at the moment.
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johnfleet
Member of DD Central
Posts: 170
Likes: 85
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Post by johnfleet on May 5, 2017 17:22:14 GMT
The honeymoon is over for me. Back in the heady days of 2014 with boaty loans 12% was a sure thing. Now I have too many loans defaulted earning zilch interest with the questionable prospect of recovery. Now it's over to other platforms whilst they are still in the growth stage (and have IFISAs to offer).
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Post by lolly88 on May 6, 2017 13:51:16 GMT
Lendy was my first foray into the world of P2P lending and I liked it because it seemed a lot more user friendly compared to other platforms. However I reduced 100% of my investments just before christmas, I was massively unimpressed with the way they did business and lost confidence in the plantform. I'm glad I got out when I did as it seems there have been futher issues and don't plan to return to investing in this platform again.
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elsee
Member of DD Central
Retired:D
Posts: 201 
Likes: 117
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Post by elsee on May 6, 2017 17:55:12 GMT
Mine has gone up over 101% as I was building my holding through most of 2016. I'm now drawing income so it's sort of stagnant/moving down slightly.
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dan83
Posts: 243
Likes: 84
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Post by dan83 on May 7, 2017 7:43:42 GMT
I have reduced my my investments in lendy when rates started to drop. I am happy to invest in the 12% loans on here but that's it.
There was a loan that changed in length from 12month to 6month at the last moment with out telling potential investors, that made a big dent in my confidence in lendy.
As pointed out in various post's a number of times by a number of people, the valuation's can be hit or miss. I was happy to invest in a slightly dodgy 12% when it could be easily sold, now the SM is flooded, it will be harder to get rid of the cr@p.
I started investing in lendy less then 12 months ago, I put money in slowly, then started to take it back out. Although I have more then 12 months ago, I have less then 3 months ago.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on May 7, 2017 9:06:58 GMT
At the time of writing an amazingly symmetry. For everyone fully or partially leaving there seems to be, in this sample, someone to replace them. But we know that the total invested has gone up (doubled?) in the year. So I conclude that users of this forum are much more bearish about the platform than others. Assuming that forum users on the whole pay more attention than others this could spell trouble ahead.
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jomantha
Member of DD Central
Posts: 177
Likes: 63
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Post by jomantha on May 7, 2017 9:32:42 GMT
I have taken 20% out - this is because the up and down nature of the SM has meant I want to have more ready cash av whereas previously I was guilty of using it as a savings account safe in the knowledge I would always be able to sell stuff.
That said, any of the loans I hold would sell in 5 minutes on the SM now because I have liquidated all the parts I held that were less 180 days.
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on May 8, 2017 1:43:59 GMT
My portfolio is down about a third from its peak, which probably was late in 2016. I'm invested in 12% loans and I expect my portfolio to continue to shrink as it has become impossible to reinvest interest and repayments in similar quality loans. I'm concerned with the increasing number of DEF loans, and am afraid that some of those will end up as significant capital losses which will result in reduced confidence in the platform. If Lendy manage to salvage most of those as they did PBL040, my confidence will improve considerably, and I'd expect my portfolio shrinkage to reduce or stop completely, subject to there being new loans that I'm willing to invest in.
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